HS Icon Scrap Copper

7404 (Harmonized System 1992 for 4-digit)

World Trade (2018): $22.8B, Rnk 167 / 1225

Top Exporter (2018): $3.21B, United States

Top Importer (2018): $7.05B, China

Product Complexity (2018): -1.16, Rnk 856 / 1018

Export Growth (CAGR)(2017 - 2018): 1.86%, Rnk 1045 / 1225

Mean Tariff (2018): 2.27%, Rnk 1203 / 1259

Share of World Trade (2018): 0.12%, Rnk 167 / 1225

Overview:  This page contains the latest trade data of Scrap Copper. In 2018, Scrap Copper were the world's 167th most traded product, with a total trade of $22.8B. Between 2017 and 2018 the exports of Scrap Copper grew by 1.86%, from  $22.4B to $22.8B. Trade in Scrap Copper represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Scrap Copper  were United States ($3.21B), Germany ($1.61B), Hong Kong ($1.4B), United Kingdom ($1.05B), and Netherlands ($1.05B).

Imports: In 2018 the top importers of Scrap Copper were China ($7.05B), Germany ($2.66B), South Korea ($1.68B), Japan ($1.23B), and Belgium-Luxembourg ($1.13B).

Tariffs: In 2018 the average tariff for Scrap Copper was 2.27%, been the 1203 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Scrap Copper are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Zambia (13.6%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Scrap Copper ranks 856th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.21B

Top Destination (2018): China, $7.05B

Scrap Copper are the world's 167th most traded product.

In 2018, the top exporters of Scrap Copper were United States ($3.21B), Germany ($1.61B), Hong Kong ($1.4B), United Kingdom ($1.05B), and Netherlands ($1.05B).

In 2018, the top importers of Scrap Copper were China ($7.05B), Germany ($2.66B), South Korea ($1.68B), Japan ($1.23B), and Belgium-Luxembourg ($1.13B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $537M

Top Destination Growth (2017 - 2018): Chinese Taipei, $490M

Between 2017 and 2018, the exports of Scrap Copper grew the fastest in United States ($537M), Chinese Taipei ($191M), Poland ($171M), Mexico ($112M), and Spain ($110M).

Between 2017 and 2018, the fastest growing importers of Scrap Copper were Chinese Taipei ($490M), Malaysia ($431M), Japan ($159M), Hong Kong ($131M), and Italy ($105M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Scrap Copper.

In 2018,  market concentration measured using Shannon Entropy, was 5.39. This means that most of the exports of Scrap Copper are explained by 42 countries.

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TOP NET EXPORTER (2018): United States, $2.42B

TOP NET IMPORTER (2018): China, $6.82B

This map shows which countries export or import more of Scrap Copper. Each country is colored based on the difference in exports and imports of Scrap Copper during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Scrap Copper were United States ($2.42B), Hong Kong ($1.04B), United Kingdom ($880M), France ($817M), and Saudi Arabia ($648M).

In 2018, the countries that had a largest trade value in imports than in exports of Scrap Copper were China ($6.82B), South Korea ($1.56B), Germany ($1.05B), India ($817M), and Belgium-Luxembourg ($742M).

Trade Forecasts

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This section shows forecasts for total trade for Scrap Copper. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Scrap Copper was 2.27%.  The countries with the highest tariffs for importing Scrap Copper were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Zambia (13.6%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.